Ten years in the cryptocurrency world, from an initial capital of 50,000 to now having assets of 8 million! How did I turn my situation around!
After ten years of struggling in the cryptocurrency world, experiencing three bull and bear markets, from an initial capital of 50,000 to now achieving financial freedom, I have experienced everything that needed to be experienced and have stepped into all the pitfalls. Only by honing myself and forming my own stable profit system. Today, I will share my trading strategies and insights with fellow crypto enthusiasts. There is a saying: standing on the shoulders of giants allows you to work less for ten years. At the end of the article, I will also talk about the most important profit system. For those who see this and want to improve their trading skills, be sure to read carefully and consider saving it!
Iron rules of trading cryptocurrency:
1. Getting to know the cryptocurrency world, learning comes first
The first step into the cryptocurrency world is not to rush to find a quick wealth secret but to calm down and learn systematically. From blockchain
The basic principles to the operation mechanisms of exchanges, from the issuance logic of digital currency to market trend analysis methods, every step is crucial. Remember, the accumulation of knowledge is the foundation of wealth; without a solid foundation, any speculative behavior is like a castle in the air.
2. True knowledge comes from practice; independent judgment
In the explosion of information in the cryptocurrency world, everyone is expressing their views, but the truth is often hidden in the complex information. Participate more in practice, accumulate experience through small investments, learn to think independently, and do not blindly follow trends. Remember, there is no absolute authority in the cryptocurrency world, only yourself, who is constantly making mistakes and summarizing.
3. Carefully selected communities, stay away from noise
Choosing a high-quality community is crucial for newcomers' growth in the cryptocurrency world. A quality community can provide valuable information and help you establish the correct investment concepts. Avoid those communities that only chatter and brag about profits; they will only waste your time and energy.
4. Invest independently, build a framework
Investment is your own business; others' opinions can only serve as a reference. Establish your own investment framework, including risk tolerance, investment strategies, market analysis methods, etc.; this will be your compass in navigating the cryptocurrency world. Do not easily trust others' 'insider information' or 'guaranteed profits'; only your own judgment is the most reliable.
5. Choose an investment method that suits you
Contracts, short-term trading, holding coins, scalp trading, NFT... There are various investment methods in the cryptocurrency world, but not every method is suitable for you. Choose the investment method that best fits your actual situation. For beginners, holding coins may be a relatively safe choice, as it focuses more on long-term holding and value growth.
6. The myth of hundredfold coins; view it rationally
The stories of hundredfold and thousandfold coins are always exciting, but remember, such opportunities are rare and often come with huge risks. Don't blindly pursue high returns while ignoring potential risks. In the cryptocurrency world, stability is more important than aggressiveness.
7. Patience is golden; perseverance is key
Volatility in the cryptocurrency world is normal, and patience is the foundation of making money. Do not become anxious due to temporary fluctuations, and do not give up easily. Learn to find opportunities in volatility and maintain calm in adversity. Remember, success often belongs to those who can persevere until the end.
8. Follow the rules, be courageous in taking responsibility
In the cryptocurrency world, losses and being deceived are inevitable. But it is important to learn to accept reality and take responsibility. Do not complain about the unfairness of the market or blame others for taking advantage; instead, learn from failures and continuously improve your investment skills.
9. Learn while doing; practice brings true knowledge
Theoretical learning is certainly important, but practical experience is equally indispensable. Apply what you have learned in real operations, and use practice to test and improve your investment framework. At the same time, you can also attract like-minded friends by sharing content (such as writing articles, sharing insights) for mutual exchange and learning.
10. Cultivate diligently, and you will eventually become a big shot. Finally, I want to tell you: as long as you put your heart into it, you will one day become a big shot in the cryptocurrency world. Do not envy others' success, and do not be discouraged by your temporary failures. Remember, everyone's growth path is unique; as long as you persist and work hard, you will definitely reap your own success.
On your journey in the cryptocurrency world, may these ten suggestions become your solid backing, accompanying you through every stormy day. Keep going, future cryptocurrency tycoon!
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